Legal Question in Banking Law in India
Third party payment of cash from saving bank a/c as per rbi guidelines
Asked on 10/21/16, 7:30 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
22.10.2016
Dear Sir / Madam,
A third party can be paid cash by the Account holder issuing a bearer cheque in that party's name enabling the party to withdraw cash from the Savings A/c.
Regards,
Answered on 10/22/16, 3:11 am
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